Credit scores get easier to track down and less secretive

You may be a pillar of your community, admired by your colleagues and beloved by friends and family, but if you have a mediocre credit score, you probably won’t be able to get a decent interest rate on a car loan, mortgage or credit card.That rankles a lot of people, but what really annoys borrowers is the secrecy surrounding the credit-scoring process. A federal law enacted in 2003 requires the three credit bureaus to provide consumers with a free annual copy of their credit reports, but they’re not required to include your credit score. If you want that, you usually have to pay, and even then it’s unclear whether the score you’ve purchased is the one lenders will use when you apply for a loan.

 But this year, free and relevant credit scores will become much more widely available, for two reasons:

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